Yolanda works hard to provide the needs of her family. She runs a sari-sari (variety) store and has requested a PHP 25,000 loan to buy grocery items like snacks, bread, cooking oil and soft drinks. She has been running the general store for six years and is very happy about the improvement of their living situation that has occurred.
In the future, Yolanda aspires to save money to expand her business.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.